There is “Serai” in Bangsar and now you have “Park Regent” in Desa ParkCity. Both were launched under so much pessimistic view by “general investors” but it ended with all glasses on the floor. This review will tell you more!
Simple, this development is not for people on the street and not even for the majority of current residents who are staying in the township. If you are wearing the hat of “Value Investment” or think “a lot” about the near future value or rental price, then you are not falling within the target buyer profile from developer though you may afford it. This project is for people who appreciate space and privacy without a need to think about the resale value in near future :-D.
PROPCAFE will not repeat the location and lifestyle of Desa Parkcity in this article as it was extensively covered in previous South Brooks project here . In fact, PROPCAFE has no intention to cover this project (as it is not for general investors or buyers) initially until it triggered by our conversation of migration with a friend who was staying in another state in Malaysia and never exposed to a community living environment. It is funny to highlight to him that “Why not migrate to Desa Parkcity”. Lol. PROPCAFE hope this can bring a different perspective to those who are interested to have a better living lifestyle in Malaysia.
Park Regent By The Water – WHERE, WHAT, WHO, WHY
WHERE – The Prime Land within Desa Parkcity
The latest launch of Park Regent will be located at the prime land in the township. This parcel is sitting at the most central part of Desa Parkcity which is fronting the lake and surrounding by the Central Park. The location of Park Regent is definitely the best among all the existing sites of condominiums here. This new development is placed in between Arcadia and Waterfront, therefore, has the benefit of short walking distance to these two commercial/retails areas in the township.
This project, featured as “By the Water, In the Park”, is set for residents to enjoy the remarkable lake and park view and this view would be safe and likely be permanent as it is facing the direction of The Park City Club and the landed property of Nadia/Safe (front) and South Lake (back). Only the unit of D4 and E2 Type may be blocked by the high rise due to the future development parcel besides South Lake.
WHAT – Time to focus on bigger size unit
Park Regent comes with two towers sitting at a 5.4 acres land. Tower A is having a lower density with total of 140 mid-size units, whilst Tower B is housing 365 units that ranged from the size of 872sf to 4,887sf. It works out as about 94 units per acre, which is not really a low density project. See detail as below:
Contrary to the trend in the market, 50% of the offering are below 1539sf size, the rest are ranging from 2,500 to almost 5,000sf. Many would think how the developer is going to sell these big units with the size above 3,000sf, especially 49 units that comes with above 4,446-4887sf units. Tell you what, if you were at the launching day, you would realise the big units were the one being taken first. Get a feel of the sales (shaded with brown) by the checking the sales chart on the launched day below. Amazing!
WHO – ParkCity and CapitaLand
Everyone should know about Perdana Parkcity by now and surely property enthusiast must know the name of CapitaLand from Singapore. The execution of project delivery from ParkCity is always timely (oppss, no chance to get LAD 😀 ) and we would say the quality is above the average in the market (nothing is perfect though 😛 ). Similarly, CapitaLand is well established in Singapore and they have become the largest diversified real estate group in Asia after the acquisition of Ascendas-Singbridge from Temasek recently. No one will argue that they have a large pool of upper market buyers. Now, you will know why the partnership is formed to sell Park Regent given that it has many “large ticket” units. And it explained the reasons why the large units are sold in no time, though Parkcity mentioned that majority buyers were from local in the press. Well, let’s not speculate it further. Sold means sold!
The partnership also changed some of the way Parkcity doing business. The show rooms are built this time to allow buyers to visualise the unit and set the right expectation. The luxury features of the project also needs to match the foreign buyers’ standard, at least match the level with CapitaLand’s Singapore delivery. This should set the new high to Desa Parkcity highrise market. It is already the highest in term absolutely value of condominium here and we will let the time to show the quality part.
There were many marketing works by the developers on its Architects. Well, the project is designed by the reknown Serie Architects, UK and Multiply Architects, SG. PROPCAFE have to say the façade is refreshing with the lakeside sanctuary concept of two “cascading towers” in the mind of “cascading waters”. This is reflected in the water cascading down multiple storeys height from the infinity pool to the ground floor. See the scaled model façade in different directions.
Overall, in the eye of PROPCAFE, it is a very “Singaporean” kind of apartment design (in a good way) but a little bit too “busy” to us. PROPCAFE is not an expert in architectural design so if you want to know about the comprehensive philosophy behind this design, you may check out the ParkLife magazine here.
WHY – One of the Best Affluent Locations in Kuala Lumpur
If you have no idea of Desa Parkcity, please spend some times there to feel and explore the unique living lifestyle in Kuala Lumpur. That’s may even make you to take back for migration application form from the agent. Ha!This place is awesome to live!
I was just talking with my friend who is thinking to leave the country and migrate to another country for better living experience. But he is so confused as there are too many good things here to let go. He was kept harping on the few issues below about living in Malaysia.
(1) Security. With all the viral videos in your whatsapp group, no surprise. But, not in Desa Parkcity! On top of the individual gated and guarded features on each parcel, there is auxiliary police and patrol cars around the township. Also, the both entrances of the Desa Parkcity are guarded and they are constantly communicating with individual parcels or personnel in common areas to provide the last barrier to control the safety of the residents and visitors. All good! So, it is matter of choosing the right place to live in Kuala Lumpur, isn’t it?
(2) Education. He doesn’t believe the flip flop of government education system and the teaching quality for his children which no one will defend it. But again, there are still choices out there! By staying in Desa Parkcity, you have ample options of private school. ISP (Desa Parkcity), ELC International School (Sierramas), IGB International (Sierramas), Sri Bestari (Sri Damansara), French International School (Dutamas), GIS (Mont Kiara), and MKIS (Mont Kiara) which are all within 15km. Choose it according to your own budget as fees are varied in these schools. Not to forget, there are many home schools available as well. So what’s the problem? You may still need to spend a lot to migrate anyway. Yup, to pay for more expensive house and expenses with your hard earned “cheap” Ringgit. To spend 2-4k per months, this issue can be solved! While you may think few thousands a month could be a lot but think about potential lower wages there and limited job opportunities to stick with your same profession/managerial role. Overall financially, is it make sense? Only you can answer it.
(3) Environment. There is no doubt that the environment in western countries is nicer in generally, especially comes to green (parks) allocation and family amenities. This does not mean there is none in Malaysia :). Please take a walk in Desa Parkcity, the walkable safe environment and convenient to reach out the amenities here will change your view. You can see very different scene in other township as it is common for families to cycle and walk around the township. The large pool of expatriate which migrated from Mont Kiara or Bangsar has proven that this place offers more than just a house but the environment that closer to their origin home.
(4) Neighbourhood. We all have to admit that local city folks still need to learn from the “kampung” friends. Many are just too “cold” and sometimes could be terribly annoyed by their “civilise level”. Well, the chance to “suffer” would be much less in Desa Parkcity due the better demographic. Our observation on Desa Parkcity is, majority of the first batch true blue “Kepongian” in Desa Parkcity have moved on after the property price has escalated three times from the price in 10 years ago. The newer batch of subsales buyers and new launch buyers are different breeds with different backgrounds, in term of profession, education and family value. They paid big bucks to stay a small houses (no question on the size of house is generally small in Desa Parkcity eventhough it costs millions and more bucks than others) because they appreciate the environment and not just the house itself. The neighbourhood is clearly better and friendlier than others (again, there are still minority nasty one for sure like in any places and countries). Why paying RM3-4 millions for a link house here with high maintenance fees when you can get a bungalow in other places? It need to have certain mindset fixed to be residents in Desa Parkcity. Choice is yours! Do not give up your citizenship because of your current bad environment. Lol. 
(5) Amenities and Conveniences. You don’t need to go other countries to enjoy it. 😀 If one is not satisfy the retail experience at Waterfront and Plaza Arcadia, you have plenty of choices within 10-15 driving distance. Harlo, One Utama, Starling, Ikano & Curve, and etc. Don’t give yourself a bad excuse! The best part is, you don’t need to give up the best Malaysian foods! Plenty of nice ambience restaurants here, drive out to Kepong if you want cheap and good foods! You will never short of delicious foods living in Kuala Lumpur! In opposite, you will miss it a lot in other countries :twisted:. Right after my Switzerland trip, I head straight to mamak store for roti canai from the airport.
Ok, PROPCAFE is not the Malaysia ambassador, so we will stop here to convince my friend not to migrate. Lol. Still, you may read a pretty comprehensive summary Desa Parkcity Wholesome Community Lifestyle by the developer here.
Park Regent offers great things with the many other WHYs here.
(6) Facilities with Spectacular View
(7) This project offers probably the best and grandest entrance in DPC.
(8) The multiple storeys height guest lobby will be one of its kind to welcome your guests.
(9) The Resident Club will be the extended home for owners to entertain the guest. Its contemporary multiple purpose hall and outdoor decks will set the new standard of clubhouse for the industry to follow.
(10) Mini Theatre. Anyone? It is not new in Kuala Lumpur but it will be the first in DPC.
(11) The infinity pool with the water features cascading down the building toward the lawn at the ground floor is one of the best we have seen. The available of staircases there allow the residents to enjoy the walk down to the building together with the flow of the waters toward the park. Not a journalist who can describe it with beautiful words here. Simply, “By the Water, In the Park!” This is gorgeous!
PROPCAFE would not be able to go through all facilities, you may check the details below. Actually, you can only complain that it is too much! 😉
Layout Analysis, View and Pricing
If you think you can afford it, then this section will be the important for you!
Type A1, 1 Bedroom, 897sf
Orientation: NE/SW. Partially facing Tower A and it has a side view on the project entrance. Not perfect, but bear in mind that this is the smallest and most affordable units. 😛
In term of layout design, it has everything! Yard, store room, balcony, L-shape kitchen and lastly PROPCAFE favourite horizontal living + dining space with almost 20ft width (love the additional visual space). This luxury one bedroom unit also has the space designed for walk-in wardrobe and separate powder room.
Given the size, it is really nothing to pick on, except the balcony (~6ft x 20ft) is way too big for PROPCAFE’s requirement. “99%” of balconies are wasted in Malaysia. You need someone who appreciate balcony to add points here. In fact, all units in Park Regent comes with HUGE balcony.
Pricing: Approx. RM930k – RM973k.
Variant – Type A2, 1 Bedroom, 883sf with orientation of NE/SW. Too bad, these units will face the hill slope behind South Lake/NKVE and direct to guardhouse. Maybe go for high floor?
Pricing: Approx. RM845k – 930k
Type B1, 1bedroom + 1 Study, 1109sf
Orientation: SW/NE, Unblock view toward Central Park and Town Central/Plaza Arcadia.
Similar to Type A1, the unit comes with all you need. Yard, store room, balcony, large kitchen, and horizontal setting of dining and living area. The advantage here is to have the study area that comes with a window which may possibly be able to turn it as children room. Down side is the large balcony again, buyer better utilise it! Seriously, is it make sense to have such a large balcony for a small 1+1 room apartment? Emmm. May be time to learn the star gazing skills. Where is the Three Sisters?
Pricing: Approx. RM1.2mil -1.3mil
Variant – Type B2, 1+1 Room, 1163sf. Orientation: Inner facing to Tower A. So don’t expect any great view here. But, but, but….it has dual view. As the balcony is located at the side, there will be facilities and central park view there! Good news is, the balcony is smaller than B1. Ok, that’s very personal. The hidden long kitchen can potential split as wet and dry kitchen.
Type C1, 2 Bedroom + 1 Study, 1475sf
Orientation: Unblock Park view toward Plaza Arcadia
Layout design – Yard, store room, kitchen, balcony, and horizontal living & dining area with 30ft width! All checked. By the way, the balcony is at size of whopping 6ft x 30ft! Given the study room is a bit small and without a window, it cannot convert to be a room. Both rooms are ensuite, but for the size of 1475sf with only 2 bedrooms, a bit hard to swallow, no?
Pricing: RM1.6mil -1.7mil
Variant – Type C2, 2+1, 1539sf. This unit comes with the same facing as C1 type. As this is the corner unit, the master bedroom has the extra window compares to C1 type. The rest are pretty much the same.
Pricing: RM1.7mil – 1.8mil
Type C3 & C4, 2 bedroom and 1 study room, 2346sf.
These two type are limited units. It is located in Tower A (i.e. lower density) and has dual view with two balconies. Orientation wise, although one side is facing the hill and NKVE, another balcony will come with great facility/park view.
The best part is the unit will be attached with two private lifts! For those who like the private lift lobby, you may like this space (at least 160-180sf). For this unit, everything is BIG, be it the kitchen, balcony, or horizontal living & dining area. Also because of this, the unit only comes with 2+1 room setting, which may not be suitable for big family even though its more than 2ksf. It is really not easy to understand the offering of 2,346sf with only 2+1 rooms. In addition, the break tank area is stuck in as part of the yout! Mind boggling….Hoooo…..
Pricing: Approx. RM2.7mil. Yup, to up RM800k-1mil for a private lift facility :).
Variant – Type C5 (limited), everything is same as C3 & C4, except that it is at the Tower B with different views (the inner view and future highrise development beside South Lake).
Pricing: Approx. RM2.594mil – RM2.606mil
Type D1/D2/D3 – 2626st, 3 Bedroom + 1 maid room.
Pricing: Approx. D1- RM2.9mil – RM3.2mil; D2 – RM2.55mil – RM2.8mil; D3 – RM2.61mil – RM2.88mil
Orientation: Dual view with (a) fantastic facility/park view and (b) Hill/NKVE.
The layout is not as good as type C4/C5 as there is no horizontal living & dining area, therefore it may look a bit smaller and narrower though this size is bigger. The good news is, there are 3 proper bedrooms there and no break tank in the layout! And it comes with a more useful maid room with attached bathroom which is a plus for a bigger family.
Variant – Type D4, 2723sf, 3+1. The layout is the same as other type D except that it is at the Tower B with the different view (inner narrow view toward the lake and park + future development).
Pricing: Approx. RM2.75mil – RM2.88mil
Type E1, 3 Bedroom + 1 maid room, 2960sf
Orientation – Dual frontage view with Lake/park and Hill/NKVE.
Are you ready for the balcony with the size of 27ft x 11 ft? Here you got it! 😮
This unit comes with both dry and wet kitchen with the new setting of island that faces the dining area.
There is a separate family hall in this layout too. For those who like a large living hall, maybe the wall of the family hall can be taken down to cater for larger living area. Unfortunately, you cannot convert this family hall as guest room because no common bathroom is spot in this unit. In short, one need to appreciate the space and privacy (private lifts and lobby) for this unit. To feel, head to the show room!
Pricing: Approx. RM3.25mil – RM3.4mil
Variant – Type E2, same offering as E1 except with a narrower view toward central park and less appealing view on the future development site.
Pricing: Approx. RM2.78mil – RM3mil
Type F1/F2, 4 Bedroom + 1 Maid room, 4511sf/4746sf/4887sf/4812sf
Orientation: As it is a T shape layout, this most luxurious unit in Park Regent comes with three different spectacular views. All bedrooms and dining/living area come with the unblock view (either Central Park, Park toward Town Center/Arcadia, Facility View). This layout is like a typical penthouse design with similar sized 4 ensuite bedrooms . The large dry and wet kitchen are properly drafted in the layout together with the big L-shape balcony that allow you to have proper sky dining. Nothing more to say but, WOW!
Pricing: F1 RM4.47mil – 4.76mil; F2 RM5mil – 5.4mil
Views with Different Floor
You may see the drone’s virtual reality view from different angles in the developer’s website link here.
Conclusion
Everyone can have their opinion and it is proven that majority of us were wrong after the developers announced that the sales had reached 80% a week after the official launched day. PROPCAFE do not believe the sticker game (some shout it in public forum) by developer as the deposit was more than 5 figures and we witnessed many buyers signed it before the official launched, which was the same SOP/protocol for DPC’s other projects.
This project is not for everyone as the one bedroom unit is already priced near to RM900k-RM1mil. PROPCAFE cannot imagine any investors who buy the 2+1 bedroom type with RM1.6mil to 1.8mil and still wish to have great rental yield. To add the private lift facility, it costs another million with the same 2+1 setting. Not to say you need to pay more than 2.5mil for a proper 3 bedrooms unit. To buy this, you must come with different view than commoners 🙂
Wait a minute, the developer knows there are pending demand on large units in Desa Parkcity as majority of the launches previously are relatively small size. There are already rich and famous staying at Desa Parkcity and the next is for them to buy a luxury condominium nearby their houses for children or as a collection. Some could be preparing their golden years when the staircase is no longer their friend. Not to forget the foreign purchasers who are having advantage of the strong currency purchasing power and not to miss out the influx of MM2H applicants from China, Hong Kong and Korean who are already very familiar with Desa Parkcity. PROPCAFE have to salute Perdana Parkcity as they are absolutely spot on in this affluent segment together with its smart partnership with CapitaLand.
Prospect of Park Regent in future? Hard to say. While the average launching price of Park Regent is similar to the current market price of RM1100psf like the newest building – One Central Park (OCP), the key is Park Regent’s offering of majority large size (with less bedrooms) units are hitting above RM2.5mil and all the way to RM5.4mil. Although it is still way below the Serai – Bangsar’s level with the similar size like 5k sf unit are now asking above RM1500psf, Park Regent is still setting the new benchmark for absolute price of condominium in Desa Parkcity. The question is why the buyers willing to pay RM4 to RM5mil when they can get the large landed property like Casaman and Mansion in DPC with similar price. In fact, many units in Park Regent are matching the price of almost all the small size landed properties in Desa Parkcity with the range of RM1.6mil to RM2.5mil. If one think about it in different angle, could it be the existing landed properties under-priced? We will leave it to the market force to determine in next couple of years. And hopefully, PROPCAFE can review the previous landed properties in DPC and provide more insights for our readers to answer the question.
Information Source – Desa Parkcity and Park Regent Website
EC is still a good buy due to lower price tag than private conco.
I always enjoy PropCafe reviews, in particular of DPC of which I am a huge fan and current resident and owner. I may have missed it above but can you share the original launch incentive packages or does that land you in hot water, notwithstanding it was announced to anyone attending?
You are right. Only people who like communal living like it there (wherever you are marketing) normal people avoid it like the plague